freeport


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freeport

or

free trade zone

an area usually forming part of an airport or shipping port into which goods can be imported without incurring import or customs duties, provided the goods are to be subsequently exported either in their original form or as intermediate products within a final good. See ENTREPÔT TRADE.

free trade zone

or

freeport

a designated area within the immediate hinterland of an air or shipping port into which IMPORTS are allowed without payment of IMPORT DUTY (TARIFFS), provided the goods are to be subsequently exported (see EXPORTS) either in their original form or as intermediate products within a final good. See ENTREPOT TRADE.
References in periodicals archive ?
As reported, the Riga City Council's representatives on the Freeport of Riga Board are Burovs, Sandris Bergmanis (Harmony), Vadims Baranniks (Group of Independent Councilmen) and Mihails Kameneckis (Harmony).
The rest were a mix of other industries that also contributed to the employment in the freeport, including logistics, aviation-related activities and agroindustry.
Evangeline Tejada, vice president for business enhancement and business development group at CDC, said Clark Freeport Zone now hosts a total of 1,092 firms as of end-July, from 1,038 at the end of last year.
Freeport Police released a statement that Dukes' IV had been removed by a Freeport Health Network employee at Dukes' request.
In addition, Lundin Mining holds an indirect 24% equity stake in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
In addition, the company holds an indirect 24% equity stake in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
Gordon, who was SBMA chairman from 1992 to 1998, had filed SB 2207 the other week to expand the area of the Subic Bay Freeport, as well as that of the neighboring Clark Freeport.
Richard Gordon, who served as SBMA's first chief executive and chairman from 1992 to 1998, had filed Senate Bill 2207 the other week to expand the area of the Subic Bay Freeport, as well as that of the neighboring Clark Freeport.
Currently, the Downeaster operates five (5) round-trips each day between Portland and Boston, with three (3) of those round-trips extending to Freeport and Brunswick.
But it depends on whether the Brexit deal that the nation finally agrees with the EU will allow a freeport to go ahead.
The donation will provide the Freeport community with $25,000 in annual funds over the next two years.
It is owned and operated by Freeport Indonesia (PTFI), a subsidiary of U.S.-based Freeport-McMoRan Copper & Gold Inc.